Pepper prices Today, the Central Highlands has moved sideways, ranging between VND 39,000 – VND 42,000 / kg, with the highest in Ba Ria – Vung Tau and lowest in Gia Lai and Dong Nai.
Climate change does not reduce the expectation of Indian pepper growers about this year's crop output is still better than the 2018-2019 crop. They forecast that the 2019-2020 pepper crop will fluctuate in the range of 50,000 – 55,000 tons, the The India Times.
Earlier, at the beginning of the 2018-2019 season, pepper production was forecast to reach 48,000 tons. However, official figures show that production reaches 52,000 tons.
“We have great expectation that the 2019-2020 pepper season will reach over 60,000 tons due to favorable tree growth conditions in the period of October – December 2018. However, moving to March and April this year, due to the impact of rain and floods, we are concerned that the production will not reach the initial expectation, ”said expert Kishore Shamji.
Earlier, the International Pepper Organization forecasted that world pepper production in the 2019-2020 crop of India could reach 47,000 tons. However, Mr. Kishore Shamji said that this number could reach 50,000 – 55,000 tons.
KK Vishwanath, a coordinator of the Indian Black Pepper Farmers Association, said the final figures for the 2019-2020 pepper crop forecast will be released within a month, at a meeting with the participation of Spices Council and all stakeholders to make decisions about this year's crop production estimates.
“Pepper output this year is likely to be unchanged from last year, but prices will fluctuate.” Mr. KK Vishwanath said.
According to Rajiv Palicha, Chairman of the Indian Spice Exporters Association, the total domestic pepper output this year could be slight due to the changing weather, fluctuating in a panic of 52,000 – 55,000 tons.
“It is still too early to say anything about the 2019-2020 crop output,” said Rajiv Palicha.
Pepper production in Kerala and Karnataka states last year was affected by heavy rains, floods and landslides.
Pepper prices India in October fluctuated between 300-325 rupees / kg while the price in Sri Lanka about 200 rupees / kg. This led Indian exporters to choose to import pepper from Sri Lanka instead of depending on domestic supply.
Vietnam was the second largest pepper supplier to India in August, behind the US, at 16,600 tons.
Mr. Kishore Shamji said that if Sri Lanka pepper continues to flow into India without control, the price of domestic pepper can be reduced to 250 rupees / kg.
Update coffee prices
Coffee price Today in the Central Highlands region across most provinces. Kon Tum province alone increased by VND 100 / kg to VND 32,000 / kg. For the whole region, the price of coffee fluctuated in the range of 31,300 – 32,000 VND / kg, according to tintaynguyen.com.
Coffee price around Ho Chi Minh City port was around VND 33,200 / kg.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| Lam Dong | |
| – Bao Loc (Robusta) | 31,400 |
| – Di Linh (Robusta) | 31,300 |
| – Lam Ha (Robusta) | 31,300 |
| DAK LAK | |
| – Residential M’gar (Robusta) | 31,900 |
| – Ea H’leo (Robusta) | 31,700 |
| – Buon Ho (Robusta) | 31,700 |
| GIA LAI | |
| – Ia Grai (Robusta) | 31,700 |
| Dak Nong | |
| – Chiayi (Robusta) | 31,600 |
| KON TUM | |
| – Dak Ha (Robusta) | 32,000 |
| HO CHI MINH | |
| – R1 | 33,200 |
Price of robusta coffee delivered in November increased by 1.6% to 1,266 USD / ton. Price of arabica coffee delivered in December increased 1.1% to 100.6 UScent / pound.
Goods tend to fluctuate based on a fundamental change in supply and demand. However, what we are seeing in the coffee industry is the complex interaction of factors that threaten the sustainability of the industry, the farmers whose livelihoods depend on it and the variety of coffee types. .
The shift from too high to too low prices has caused small farmers, who make up the majority of millions of growers in the world, to suffer misery, abandon farms and potentially lead to illegal immigration status.
This threatens the many sources of coffee available to roasters and consumers.
Although relatively complex, establishing an international price stabilization mechanism can overcome extreme price fluctuations and provide much-needed stability for the income of smallholder farmers.
The price loss is motivated by three factors.
First, increasing speculation in the commodity market, especially because quantitative funds can amplify and extend spending time to extremes. In the period of falling prices, high financial profits attract a lot of special capital into the downward trend.
According to VietnamBiz
